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9 Unit Investment property on the shores of Lake Minneola

By Heather the Realtor Orlando, Lake Mary

Real Estate Broker/Owner with LemonTree Realty

November 18, 2009 09:17 AM

Just listed a new investment property in Clermont on the shores of Lake Minneola. This great REO property has 7 buildings and 9 rental units ranging from 1/1 to 2/1 units. All units have fresh paint and new carpet. In the past the 2/1 units have rented for as much as $1000/mo however a more realistic average is $600. Property is also a great investment for later tear down and rebuild as most homes that sit along this shore are million dollar properties.

This bank owned property is listed at $425,000 and the bank is looking for an offer. If you are looking for a 10% cap rate then this is the property for you.

Contact me for more information Heather@HeatherTheRealtor.com or 407 810 6304 or visit www.HeatherTheRealtor.com

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Jim Crawford

Long & Foster - Fredericksburg, VA

Jim Crawford Broker Associate Fredericksburg VA

It still sounds like a great opportunity to the right investor.

Nov 18, 2009 10:02 AM

Don Eichler

Eichler Properties - Granbury, TX

This is my type of investment however I live in Texas. I am sure that this property has been sold by now.

Jan 15, 2010 05:18 AM

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Heather the Realtor Orlando, Lake Mary

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Heather Unger's blog is for those looking to gather information on Central Florida's Real Estate Market including areas such as Orlando, Lake Mary, Baldwin Park, Lake Nona, Longwood, Seminole County, Winderemere, Winter Park, Thornton Park & College Park.
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